With reference to the mail dated 04.09.2025 we are hereby submitting the disclosure with additional details.
Awaiting price reaction for this filing.
Oswal Overseas Limited has responded to a BSE query about why it failed to inform the exchange within the required 24-hour window about the resignation of its Chief Financial Officer (CFO), Abdul Ahmad, who resigned effective July 27, 2025 citing a new professional opportunity. The company admitted the disclosure was delayed due to an 'inadvertent lapse arising from delayed internal communication' and termed the delay 'unintentional' and 'exceptional.' The company has assured the exchange of stricter compliance going forward. The letter is signed by Lalit Kumar, Company Secretary & Compliance Officer.
Shareholders should note a governance compliance lapse — the company missed the mandatory 24-hour disclosure window for a Key Managerial Personnel change. While the company has downplayed the delay, this could raise minor concerns about internal communication and disclosure controls, though no financial impact or reasons for concern beyond compliance have been indicated.